Dialog Semiconductor to Buy IoT IC Supplier Creative Chips for $80 Million

Dialog Semiconductor agreed to buy Creative Chips, a supplier of power management, charging, Wi-Fi and Bluetooth Low Energy integrated circuits for the industrial IoT. Due to close in Q4, the purchase would give Dialog growth potential in the industrial market, while giving the semiconductor maker an additional portfolio of core IC products and analog, digital and RF technologies, Dialog said Monday. The cash acquisition for about $80 million has additional consideration of up to $23 million, based on 2020 and 2021 revenue targets.